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FTX Founder Reportedly Went on a Luxury Beachfront Shopping Spree

Sam Bankman-Fried bought at least 19 properties worth $121 million, Reuters reports.

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Sam Bankman-Fried, who founded and led cryptocurrency exchange FTX before its catastrophic meltdown, reportedly spent the last two years purchasing at least 19 properties for his senior staff and his parents worth $121 million, according to Reuters. 

On top of that, one unit of the company spent $300 million on homes and rental properties, according to Reuters. One specific resort community among the purchases was Albany -- the same resort where Tiger Woods hosts golf tournaments every year. It was intended for key personnel. 

FTX collapsed over the last few weeks due to a lack of liquidity and the revelation that it was largely a house of cards set to collapse. The exchange had been poised for a bailout by rival Binance, which had initially agreed to buy the company before changing its mind. FTX filed for Chapter 11 bankruptcy protection on Nov. 11. 

Bankman-Fried's parents are also named the owners of a $16.4 million home. 

FTX didn't respond to a request to comment.